Velocore Hacked, up to $10 Million worth of assets are missing. Velocore is The first ve(3,3) DeX on @zkSync aiming to minimize slippage, optimize liquidity efficiency and gas costs, among others.
Highlight reel:
1.Velocore.xyz main account is down to 600K from previously close to 5 Million.
2.One of the hacker beneficiary address1 [0xb7f6354b2cfd3018b3261FbC63248a56A24AE91A] extracted series of assets mainly $USDT, $USDC, and $ETH.
3.A total of more than $ 2 Million were transferred out right away after the hack from this account alone.
4.Hack bounties were distributed across to various bot , DeX and CeX through intermediary account by address2 [0x8CDc37eD79C5EF116b9Dc2A53Cb86ACaca3716bF]
5.Tracing these disbursements, most of the laundry is performed through Uniswap, OKX, and Across Protocol. One of the money hub being address3 [0xE4062FCaDe7aC0eD47AD794028967a2314EE02B3]
6.Interestingly the hacker also transferred part of the accumulated funds in address3 amounting to about $ 4.23 million was transferred to support the Tornado Cash that recently under scrutiny and legal proceeds.
In the past week, two Whales accounts moved ~$50 million worth of Arbitrum Liquidity to Coinbase. In particular Address 2 moves were accompanied with conversion of part (i.e., 24 out of ~30 Millions) of the injected funds into MATIC liquidity. These transactions signal is consistent with recent news highlighting Arbitrum strategy toward supporting Ethereum’s L2 gaming ecosystem through The Gaming Catalyst Program (GCP) that provide allocation of close to $250 million for up to 200 games across the Arbitrum ecosystem. As a note Arbitrum is L2 network that is by designed focus on addressing the congestion and scalability issue of Ethereum. [Address 1: 0x47F56eD2332dd9c927Fa6Ca6D70E67F19633cAce] [Address 2: 0xaB38D062d8bD45288CacCA283F1d669990ec3F50] #MATIC #ARB #GameFi #CoinbaseExchange.
Today IO.net is just launched. IO.net is a DePIN focusing on GPU computational resource to power DeAI and many other challenging computational task like rendering and scientific computations.
IF YOU MISSED the IO.net launch and airdrops.
Make sure you don't miss other like it. There's another one up-and-coming Inferix GPU.
Last 5 Days to join Inferix GPU Alliance Campaign and be part of the first batch of airdrop receiver in the ecosystem. DePIN for GPU is going to be hot thing this year and many years to come!
Join the campaign on Zealy and start earning points for airdrops. https://zealy.io/cw/inferixgpu/invite/vRV7pAwuwMprEaH_9YZgA
Our team also been exploring the in game economy of this PIXEL new game from Sky Mavis the creator of Axie Infinity. The game is exciting as ever, a lot of interactions and resource and reward mechanics that are innovative. Looking forward to the launch of Chapter two and the release of 25 Million of coin value that follows.
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Pixels is releasing Chapter 2 on June 17th, which will bring significant changes to the game's gameplay.
The new chapter will introduce a more skill-based gameplay system, with a tiered rewards system that encourages progression. Additionally, the game plans to introduce mini-games within the next 6-12 months.
A big believer in Arkham potential too. In our recent Crypto Detective works, we also have employed Arkham to perform due diligence and track asset movement on and across chains. Excited to support future growth of the ecosystem.
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Bullish
✨$ARKM Will Pump & You Can Still Buy It Cheap✨
Guys here is one of the best AI projects for you to invest in with reasonable market caps = Bigger returns. Unlike $FET and $OCEAN which already are at very high market caps and will not give you higher profit as the Bullrun starts. You should be smart enough to consider similar projects but with lower market caps. You will ask me why ARKM? Well let me explain:
#ARKM is the token for Arkham Intelligence, a platform that analyzes blockchain data to link crypto activity to real world entities. You can buy and sell this intelligence on their marketplace.
🔹Current Market Cap: $500 Million USD (ranked #136 on Coin MarketCap).
🔹Current Price: $2.41 USD
🔹Crypto Rank: #136 (according to Coin Market Cap).
🔹Total Supply: 1,000,000,000 ARKM
🔹Circulating Supply: 204,600,000 ARKM (as of today, June 2, 2024).
🔥 What Make ARKM Special? 🔥
🔸ARK Innovation ETF (ARKM) targets companies believed to be leading in disruptive innovation. This includes genomics, automation, AI, and fintech.
🔸ARKM has seen high growth, but also carries higher risk due to its focus on unproven technologies. The fund has been volatile, so consider your investment horizon.
🔸Is it a buy? Do your research! Consider your risk tolerance and how ARKM aligns with your portfolio goals.
🌿 Conclusion 🌿
ARKM presents a compelling opportunity for investors seeking to capitalize on the future of groundbreaking technologies. Its focus on disruptive innovation positions it to capture potential windfalls from #AI , robotics, and other rapidly evolving fields.
💥Guy again carefully evaluate your risk tolerance & investment goals before buying in. For long term investors comfortable with a high risk, high reward scenario, ARKM could be a valuable addition to a diversified portfolio💥
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Dear binancians, A letter to those who are new and just #StartInvestingInCrypto For newcomers, I would always suggest to put a very minimum amount for you to learn the mechanism of how the crypto market and tokenomics work.
Rule No. 1, don't be greedy and expect to get rich fast. Forget that mentality.
Rule No. 2, always start with things you can understand in terms of value and why it is valuable.
If you're from web2 world perhaps consider application specific like AI project, data oracle. If you're engineer, DePIN (Decentralized Physical Infrastructure Network) is up and coming and easily understanable, decentralized cloud, decentralized storage, decentralized network and so on.
Rule No. 3, beware of scam. In crypto space, spam and hack are all over the place. Keep your fund safe from these fraudulent actor. Always check your link whenever you click anything. Stay around regulated CEX like Binance, at least until you understand better ways to protect yourself.
Last but not least, there's a lot of great projects waiting for you to discover. One of it is the Exciting Merger of Fetch.ai #FET, Ocean Protocol #OCEAN, and SingularityNet #AGIX, into ASI (Artifcial Superintelligence Alliance) which will start this June 11 and will be completed by 13 June 2024. Stay in touch for more exciting updates.
#1 Memecoin on Bitcoin, is now approaching $1Billion Landmark and entering top 100 coins. Would be fun to watch how this new breed of Memecoin on Bitcoins will play out in the future. There's huge liquidity on the Bitcoin L1 that's for sure, making the trickling of "leftover" liquidity to simply have fun with memecoin on bitcoin an interesting new feature of the usually considered most serious blockchain. Looking forward to see how the coin plays out after breaking through 1 Billion dollar market cap mark and moving up in the top 100.
In case you are thinking to put a little bit of fun budget, always remember to do your own research and be aware of any risk of such risky investment. A minuscule exposure to these sort of Meme coin is fun, but anything more than that do at your risk.
Good Luck and have fun everyone in this upcoming Bull Run and Altcoin season that is yet to come.
Who owns PYUSD ? Paypal's stable coin on Solana (previously also on ETH)
Highlights: 1. Top owners are PaxOS, Crypto.com Aave, Curve.fi, and Defiance capital. Hmm interesting not to see Paypal having their own direct addresss. Well that's perhaps because regulation make it more complicated for them to directly hold such huge crypto asset directly. We will see how regulation evolve over time.
2. What's happening in the past month ? basically for now it's all just buy signals. We haven't seeing money going in and out from the ecosystem.
3. Tokenomics. Pretty simple. Remember PYUSD is stable coin, so it is more on keeping it stable and allowing for good liquidity moving in and out to another asset. This is still early. Expect more trading pairs as application start to flows.
Fun Fact: The older generation, we are talking baby boomers (who are in their 80s) also see huge value in Crypto.
How about you ? When is your first active encounter with Crypto ?
2008, 2012,2015, 2018, 2022, 2024?
Our labs turn full-fledge into crypto integration starting from 2022.
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Former Attorney Admits Guilt in $9.5 Million Cryptocurrency Ponzi Scheme
According to CryptoPotato, David Kagel, an 85-year-old former attorney, has confessed to participating in a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, once a respected legal figure in Beverly Hills, California, now faces a maximum of five years in prison for his role in the fraudulent operation.
Kagel was accused of working with others to entice victims into a bogus crypto investment scheme that promised high returns. Court documents show that the scheme involved false guarantees and assurances, including claims that artificial intelligence trading bots were managing investments in cryptocurrency markets. The scheme's promoter falsely assured victims that Kagel, acting as the promoter’s attorney, was holding approximately $11 million worth of Bitcoin in escrow as a safeguard against potential losses. Kagel also provided letters on his law firm’s letterhead to falsely confirm the legitimacy of the investment programs.
Principal Deputy Assistant Attorney General Nicole M. Argentieri stated that Kagel exploited his attorney status to gain investors’ trust and endorse false claims about a cryptocurrency investment that turned out to be a scam. She highlighted the serious consequences of lawyers lending credibility to fraudulent schemes, which can lead to significant losses for victims. 'Kagel preyed on trusting individuals through a complex scheme to separate people from their hard-earned money,' said Special Agent in Charge Tyler Hatcher.
Kagel's guilty plea is a significant development in the ongoing investigation. His sentencing is scheduled for September 10. Pending a decision by a federal district court judge, he faces a maximum penalty of five years in prison. Kagel has also admitted that he and his co-conspirators used victims’ funds for personal gain.
The legal proceedings continue, with David Gilbert Saffron of Australia and Vincent Anthony Mazzotta Jr. of Los Angeles awaiting their August 13 trial for their alleged roles in the same crypto Ponzi scheme. They are accused of promoting investment programs using aliases such as Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital. Instead of investing the victims’ funds into cryptocurrency as promised, they allegedly used them for personal expenditures, including private jet flights, luxury hotel stays, mansion rentals, hiring a personal chef, and private security guards.
As a modern blockchain developer, we experienced that #Manta is holding great promise in accelerating blockchain innovation. FYI #Manta have two great solutions the Manta Atlantic L1 built atop of Polkadot robust infrastructure but also the infamous Manta Pacific EVM L2 solution that leverage Celestia modular data availability. More importantly, there's also the Optimistic Rollups and zkEVM integrations from OP Stack and Polygon, respectively. A lot can be achieved with new modern blockchain tech-stacks like Manta. We'll share more on what are brewing in our lab. Stay tuned.
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🚀 $MANTA To Surprise Everyone as The Team is Building 🔹 Moon Is Next?🚀
Well guys i gave you a lot of coins that increased a lot, the next coin to buy is $MANTA . The #MANTA team seems very busy building & adding amazing new products & use, while the project seems now one of the best coins to buy as it is relatively Cheap and could generate big. 🔥I will explain now what the MANTA team is cooking🔥
🔷 MANTA in Numbers 🔷 🔹Current Price: $1.74 🔹Crypto Position: 149 as per CoinMarketCap 🔹Total Supply: 1.00 Billion MANTA 🔹Trading Volume Today: $23,827,962 USD 🔹Market Cap: $561.50 Million 🔵 Expected Price After The Bullrun: $88
✨ Why is MANTA Price Will Soon Fly? & What are The MANTA team Cooking? Well guys the news that will give you now is big, and lead me to start adding my MANTA coin position and grabbing more everyday. The reason is the following: 💥 The MANTA Team Added CeDiFi Products & Real Returns / Staking Manta Network now offers CeDeFi products that combine the security of centralized platforms with the transparency of DeFi. They allow users to lend, borrow, & trade crypto assets while keeping their holdings private. Staking MANTA tokens lets you earn rewards while contributing to the network's security. Specific returns can vary depending on the staking pool & market conditions, so it's important to research current rates before staking.
💥 MANTA's Modular & ZK Proof Technology Advantages 🔸Manta Network is built for a future of secure and private DeFi. Here's how their modular architecture & ZK proof technology offer distinct advantages: 🔸Scalability & Efficiency: Low gas fees & fast transactions on ZK powered Layer 2, perfect for cost effective DeFi applications. 🔸Privacy by Design: ZK proofs let you verify transactions without revealing sensitive information, boosting user confidence. 🔸Easy ZK Development: Build ZK apps with minimal coding through Manta's ZK as a Service, making complex cryptography accessible. 🔸Interoperability: Seamless asset movement between Manta's chains & other blockchains for a connected DeFi ecosystem. 🔸Security & Compliance: Secure your DeFi transactions & potentially meet regulatory requirements with Manta's built in privacy features.Manta Network is a promising solution for scaling DeFi while preserving user privacy.
💥 Manta Network's Business Development and Research Capabilities: Manta Network isn't just about innovative tech, they're actively driving DeFi's future. Now let's talk about MANTA's business development & research strengths: 🔺Strategic Partnerships: Manta collaborates with leading exchanges & DeFi projects to integrate their privacy preserving solutions. 🔺Market Research & Feedback: They leverage research to understand user needs & tailor products for mass adoption. 🔺Validation & Go to Market Strategies: Manta validates product concepts & develops effective strategies to bring them to market. 🔺Building the Ecosystem: Manta fosters a thriving DeFi ecosystem through partnerships and ongoing research.
🌿 Conclusion 🌿 By combining cutting edge tech with strong business development, Manta Network positions itself as a key player in shaping the future of secure and accessible DeFi. With all those reasons explained and as the team are really working hard & building don't expect MANTA price to grow less than $88 in the coming Bullrun. As the crypto market & $BTC price is beginning to heat up and while we will have the $ETH SPOT ETF launching next month, you should consider investing in MANTA as the future of this coin is amazing 🥂 🚨 If you found this article interesting help with a like "It's Free😅" and feel free to ask any related question🥂 #MantaRWA #ETHETFsApproved #altcoins
A letter to all of you that are serious in crypto investment. Do your own research and invest only on solid project. Avoid being prey to hype-based project. Take the time and effort to understand, investigate, and hands-on experience with the project before you jump abroad. 🤖
As most of you may of heard, this year narrative is driven by powerful sector such as AI and DePIN. Let me kindly introduce you to #Inferix a #DePIN ecosystem providing #DecentralizedGPU , and #AIInference for everyone who need them. Now is the best chance to learn about this project because the token $IFX is up-and-coming. TGE will be announce soon enough. Moreover you are lucky to have heard about this news today. Because @InferixGPU is now having #AllianceCampaign on going for you to experience the ecosystem for yourself. Don't take my words for it, learn from your own experiment and be rewarded! Join the -ProQuest- challenge for those of you that have GPU resources, follow through all the latest info by doing the -SoQuest- for all of you creator and influencer out there.
Ready to learn more ? Check out the official website https://inferix.io/🚀
DePIN is going big this year. In particular are a group of DePIN projects that are focusing on RWA , not merely real world ASSETS, but real world APPLICATION too.
With that in mind what is better than GPU ? It is about time that demand for GPU is going to the moon! AI is howling for more resources both for training and inference. The gaming world, digital twin, movie, and metaverse are getting more sophisticated and becoming frequently generative and thus rendering demand also will boost like crazy.
Knowing all that is happening big time in the past few years back and few year going forward, let me introduce one great DePIN project worthy of attention Inferix, Inferix, Inferix . The Decentralized GPU network for Visual Computing & AI Inference.
Yes important thing need to be repeated 3 times. I have tried the projects for months now connecting my own GPU and deploying some of my rendering jobs to it.
Thousands of node have been connected all across the world. and mind that the number has been doubling quick and fast recently !!!.
Yet more importantly Inferix's ALLIANCE campaign is underway. Check the project official blog post for more medium.com/@inferixgpu/introducing-inferix-campaign-alliance-a6fee43c79e3
That also means airdrop and giveaway are available for grabs: Join the Zealy platform and follow the quest to gather your points (ps: don't forget to add the https:// for the link as usual ) zealy.io/cw/inferixgpu/invite/vRV7pAwuwMprEaH_9YZgA
Amazing progress. Felt more confidence in building DePIN solution atop of IoTeX infrastructure. IoTeX have been home to many great AI and Infrastructure project that are DePIN focused or require deep integration with real world decentralized fleet of asset/infra. Projects like Decentralized Cloud, Decentralized Network, Decentralized Mobility, and many more have started populating the ecosystem. More importantly IoTeX also have an upcoming native liquidity provider Loxodrome $LOXO that is up-and-coming. Stay tune for more exciting news on DePIN.
$IOTX
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6th fastest chain overall. 2nd fastest EVM. The IoTeX L1 is climbing the Max TPS ranks on @chainspect_app, and we've got no plans to slow down.
In the largest gov prop on the Fetch.ai Network by participation, the 1st proposal for the Artificial Superintelligence Alliance merger has passed with a 99.8% "Yes" vote.
This historical vote now begins setting up the Fetch.ai network as the home of $ASI. ⚡️"
Result from #AGIX SingularityNet will be in on 17th April by the latest. From Ocean is final. So sooner or later the merger is done. Looking forward to the upcoming integrated ASI ! Stronger then ever.
Been learning about the Ocean Protocol for the past few days. A great ecosystem for data sharing and monetization across blockchain and web3. Tried also to built a custom data marketplace on blockchain using the tools.
Try it yourself: https://docs.oceanprotocol.com/developers/build-a-marketplace/
Playing around with latest tools in ChainGPT--powerful dApp that combines AI utility with various infrastructure of Blockchain and Web3. Learn more. https://app.chaingpt.org/. Learning more about the tokenomics of the native $CGPT credit.
Written my first smart contract on FVM today. Learning more about various applications that can be developed on top of Filecoin. https://fvm.filecoin.io/